Dell rises as Melius flags gains from woes at AI server rival Super Micro
Shares of PC and AI-optimized server maker Dell DELL.N rise 4.2% to $163.40
Melius Research says Super Micro Computer SMCI.O woes are likely to benefit DELL very disproportionately
SMCI shares slide 27% to $22.45 after U.S. prosecutors charged three people linked with co, with helping smuggle billions of dollars worth of AI tech to China
Brokerage says based on current street estimates, SMCI was poised to ship ~$47 bln of AI servers over the next 4 quarters and over $100 bln over the next 8
"We think a meaningful portion of those sales are now up for grabs as enterprise and hyperscale customers reassess counterparty risk" - brokerage
20 of 26 brokerages rate DELL stock "buy" or higher, five "hold" and one "sell"; their median PT is $167 - LSEG-compiled data
As of last close, DELL up ~25% this year
